--%>
Assignment Help - homework help

Advantages and disadvantages of Trend Projection method

What are the advantages and disadvantages of trend projection method?

E

Expert

Verified

Advantages:

1. Very easy and less costly
2. More reliable

Disadvantages:

While sudden fluctuations in data arise, this method will not be appropriate. Similarly this needs considerable experience and technical skill.

   Related Questions in Managerial Economics

  • Q : Illustrates marginal cost pricing and

    Illustrates the marginal cost pricing and differential pricing?

    		•
  • Q : Competitive Labor Markets Need

    Competitive equilibria in competitive labor markets need: (w) P = MR = AVC. (x) VMP - P is maximized. (y) VMP = MRP = MFC = w. (z) output is at a break-even level. (q) MPP = P. Can anybody suggest me the proper exp

    		•
  • Q : Illustrates the private cost of

    Illustrates the private cost of production?

    		•
  • Q : Diminishing Returns and Increasing Costs

    I have a problem in economics on Diminishing Returns and Increasing Costs. Please help me in the following question. The concave (or bowed out) production possibilities frontier means that the opportunity costs are: (i) Constant (ii) Increasing (iii)

    		•
  • Q : Diminishing Returns in Marginal Revenue

    When a firm is experiencing diminishing returns as: (w) the marginal product of labor rises as more labor is hired. (x) the marginal revenue product of labor falls as more is hired. (y) the marginal resource cost of labor will be declining. (z) this w

    		•
  • Q : Explain the Economies of Scale Explain

    Explain the Economies of Scale.

    		•
  • Q : What are the types of elasticity of

    What are the types of elasticity of demand?

    		•
  • Q : Total supply of human capital in the

    Government policy is probably to help raise the total supply of human capital within the long run through: (w) increased public education and retraining programs. (x) minimum wage legislation. (y) laws prohibiting discrimination in employment. (z) str

    		•
  • Q : Price and output decisions in

    Illustrates the price and output decisions in Monopolistic Competition?

    		•
  • Q : Concavity in production possibilities

    Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra

    		•